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Home / Simons-Taxes /Business tax /Part B5 Specific trades and activities /Division B5.1 Farming, market gardening and forestry /Government support for farmers / B5.121 BPS—exit payment

B5.121 BPS—exit payment

Business tax

The Department for Environment, Food and Rural Affairs (Defra) offered to farmers a one-off opportunity to take a lump sum in 2022 instead of receiving their remaining Basic Payment Scheme (BPS) on an annual basis this is known as the lump sum exit

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E5.607 Corporate members

B3.340A Hire purchase of plant and machinery and similar contracts

C2.1020 Employment-related securities options and capital gains

D7.1140 Methods of leaving the REIT regime

B5.123 BPS—negligible value claims

E8.810 Application for a National Insurance number

A1.810 Limitation

B5.820 Charity's profits of trade—general liability to income tax

C2.201 Allowable expenditure for capital gains—overview

C2.1231 Leases—deemed premiums

E4.1118 Calculation and payment of tax due on retrospective income

E4.1318 Special mixed fund rules

E4.1167 Payments made after leaving and after issue of form P45

C3.1713 PPR relief where a dependent relative occupied the residence prior to 6 April 1988

D1.1061 Substantial shareholding exemption—interaction with other reliefs

B5.846 Charities and close companies

I5.1122 More than one settlor (income tax and CGT)

C2.1016 Option to subscribe for shares in a company (share warrants)

C3.1706 PPR relief where there is job-related accommodation

D1.1422 Calculating NGIE and ANGIE